Global Petroleum System Enters Volatile Decline Phase (cleantechnica.com)

• Global oil production nears plateau as conventional reserves deplete.
• Geopolitical frictions amplify price swings and supply risks.
• European nations must accelerate energy independence strategies.

"This analysis examines how global oil production is entering a phase of heightened volatility due to declining conventional reserves and increasing geopolitical tensions. The implications for energy security, economic stability, and Europe's energy transition are significant. Reliance on unconventional sources accelerates uncertainty, challenging policymakers to adapt rapidly."